The Bank of Japan (BOJ) kept its benchmark interest rates unchanged as expected on Wednesday, and also maintained its current rate of yield curve control, ducking market expectations for more hawkish signals. The Japanese yen plummeted after the move, dropping over 2% to 130.75 against the dollar, while yields on benchmark Japanese government bonds slumped […]
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The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported on Saturday.The BOJ jolted markets this month by widening its 10-year yield cap range, a move officially aimed at straightening out bond market distortions but seen […]
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Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested a surprise policy shift by the Bank of Japan. The yen fell 0.3% to 132.06 against the dollar, after rallying over 3% in the prior […]
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The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates at negative 0.1%, and said […]
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By Administrator_India Capital Sands Japan’s exports plunged at a double-digit pace for the fourth month in a row in June, backing signs the coronavirus crisis has knocked the economy into its worst postwar recession and raising the spectre of a longer and more painful global downturn. U.S.-bound Japanese shipments nearly halved again due to […]
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By Administrator_India Capital Sands The Bank of Japan left its monetary stimulus untouched Wednesday, while painting a gloomier picture of the economy this year as it signalled it doesn’t see a quick recovery from the pandemic. The BOJ kept its short-term interest rate at -0.1%, its 10-year yield target around zero and left its […]
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By Administrator_India Capital Sands Japan has set aside $92 billion in emergency budget reserves to prepare for a “protracted-war” against the novel coronavirus, Finance Minister Taro Aso said on Monday, detailing some spending from the massive pool of money seen by some as opaque. Aso made the remarks as the government presented parliament with […]
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